OptimumBank Holdings, Inc. (NASDAQ:OPHC) Short Interest Up 30.0% in January

OptimumBank Holdings, Inc. (NASDAQ:OPHC) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 39,000 shares, a growth of 30.0% from the January 15th total of 30,000 shares. Based on an average daily trading volume, of 64,200 shares, the short-interest ratio is presently 0.6 days.

OptimumBank Trading Down 0.2 %

Shares of OPHC stock traded down $0.01 during trading hours on Friday, reaching $4.74. The company had a trading volume of 17,408 shares, compared to its average volume of 23,394. The company has a 50 day moving average of $4.70 and a 200 day moving average of $4.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $47.83 million, a price-to-earnings ratio of 3.59 and a beta of 0.37. OptimumBank has a 1-year low of $3.90 and a 1-year high of $5.90.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of OptimumBank by 59.0% in the 3rd quarter. Geode Capital Management LLC now owns 81,411 shares of the bank’s stock valued at $372,000 after purchasing an additional 30,202 shares during the period. Fourthstone LLC acquired a new position in shares of OptimumBank in the 3rd quarter valued at $323,000. Dimensional Fund Advisors LP lifted its stake in shares of OptimumBank by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 66,086 shares of the bank’s stock valued at $315,000 after purchasing an additional 2,611 shares during the period. Renaissance Technologies LLC lifted its stake in shares of OptimumBank by 17.1% in the 4th quarter. Renaissance Technologies LLC now owns 136,473 shares of the bank’s stock valued at $650,000 after purchasing an additional 19,971 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of OptimumBank by 20.7% in the 4th quarter. Alliancebernstein L.P. now owns 360,691 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 61,971 shares during the period. Institutional investors and hedge funds own 7.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on OptimumBank in a research report on Tuesday, February 11th. They issued a “hold” rating on the stock.

OptimumBank Company Profile

OptimumBank Holdings, Inc operates as the bank holding company for OptimumBank that provides various consumer and commercial banking services to individuals and businesses. It accepts demand interest-bearing and noninterest-bearing, savings, money market, and NOW accounts, as well as time deposits, wire transfers, ACH services, and certificates of deposit.